Prepare your employees for their future

When it comes to helping your employees prepare for their future, it makes sense that insurance and super should go hand in hand. BT Lifetime Super Employer Plan gives you reassurance that you have provided your employees with a choice of Standard or Tailored cover. You can increase this level of cover to better suit their needs, and to suit the size of your workforce.

How employees benefit from insurance through BT Super

 

  • Group insurance rates which are generally cheaper than the same cover arranged under a personal policy.
     

  • Cover may be set up under an Automatic Acceptance arrangement which means that your employees may not have to provide medical or other evidence in order to receive a certain level of cover.
     

  • An employee's cover can continue as long as they remain eligible for insurance and premiums are paid, which in some cases means continued cover even if they leave their employment with you.
     

  • You can elect to reimburse the premiums for your employees by making additional contributions on their behalf.

     

 

Standard cover — the default insurance option

Our Standard cover* meets the mandatory MySuper requirements and offers your employees up to $300,000 of Death and Total and Permanent Disablement (TPD) coverage. It’s designed to provide your employees with one unit of Standard cover that varies over time dependent on their age. To learn more about our Standard cover, please refer to the BT Lifetime Super Employer Plan Brochure.


 

Tailor your insurance cover

Depending on the size of your workforce we can offer tailored cover to better suit your employees’ diverse needs. Your employees may apply to further tailor their insurance and also transfer other insurance cover into their BT Super account. Employees can also apply to increase their cover when certain life events occur (such as the birth of a child), without the need for additional medical evidence. Refer to the BT Super’s Insurance booklet if you would like to see a full list of events and the amount of additional cover that can be requested.

 


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Use our insurance calculator to see what options are available with Tailored cover.


Death cover is payable if an employee dies or is diagnosed with a terminal illness**. The insurance proceeds form part of the super benefit paid to the employee’s beneficiaries or, to the employee if they suffer a terminal illness. TPD insurance proceeds form part of the super benefit available when an employee becomes totally and permanently disabled and is unlikely to work again.


SCI provides your employees with a portion of their salary if they’re temporarily disabled, due to sickness or injury. It’s an additional option to our Standard cover. The maximum cover is 75% of an employee’s income (plus up to 15% super contributions, if applicable) up to a maximum benefit of $30,000 per month. Benefits can be paid for two years, five years, or up to age 65.


Death cover is payable if an employee dies or is diagnosed with a terminal illness**. The insurance proceeds form part of the super benefit paid to the employee’s beneficiaries, or to the employee, if they suffer a terminal illness. Certain employees with high-risk occupations might only be eligible for this type of cover.

BT’s Insurer

To help you receive competitive insurance rates and terms and conditions. BT Super provides insurance through a group policy with an external insurer, AlA Australia Limited. AlA Australia Limited has over 40 years of experience providing insurance in Australia. AlA offers products that protect the financial health and welfare of more than two and a half million Australians.

Disclaimers and notes

* Plans with employees in ‘Special Risk Occupations’ (refer to the ‘Occupation classifications’ section in the BT Lifetime Super Employer Plan Product Disclosure Statement – Additional Information Booklet Part 3 – Insurance or the BT Business Super Product Disclosure Statement – Additional Information Booklet Part 3 – Insurance are subject to individual consideration by the Insurer.

**‘Terminal Illness’ means that from the date of certification, the Insured Member is suffering from an illness or has incurred an injury that is likely to result in their death within a period of 12 months.